Gross Foreign Exchange Reserves of Nepalese Financial Systems for Baishakh 2077 (Mid-May 2020) increased by 16.5% over the previous year. Also, the level of reserve increased significantly over previous month. Based on the imports of ten months of current fiscal year, the foreign exchange holdings of the banking sector is sufficient to cover the prospective merchandise imports of 12.2 months, and merchandise and services imports of 10.8 months. However, situation may become worse due to effect of COVID-19 in the days to come.

Gross Foreign Exchange Reserves of Nepalese Financial System. Source:Nepal Rastra Bank
Gross Foreign Exchange Reserves of Nepalese Financial System. Source:Nepal Rastra Bank

Acronym for Months used in Month – Axis of Graph

Months ShortMonths FullEquivalent English Month
SShrawanMid July to Mid August
BhBhadraMid Aug to Mid Sep
AsAshwinMid Sep to Mid October
KaKartikMid Oct to Mid November
MMangsirMid Nov to Mid December
PPoushMid Dec to Mid January
MMaghMid Jan to Mid February
FFalgunMid Feb to Mid March
CChaitraMid March to Mid April
BBaishakMid April to Mid May
JJesthaMid May to Mid June
AAshadhMid June to Mid July
Acronym

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.